Construction Spending Ends Month, Year on High Note

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Published: Monday, 02 February 2015 13:48

Written by Rock Products News

The U.S. Census Bureau of the Department of Commerce reported that construction spending during December 2014 was estimated at a seasonally adjusted annual rate of $982.1 billion, 0.4 percent (±1.3 percent) above the revised November estimate of $978.6 billion. The December figure is 2.2 percent (±1.6 percent) above the December 2013 estimate of $961.2 billion.

Continental Acquires Veyance

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Published: Monday, 02 February 2015 12:57

Written by Rock Products News

Continental concluded its acquisition of U.S. rubber company Veyance Technologies Inc, Fairlawn, Ohio, on Jan. 30. On Jan. 29, the Brazilian antitrust authority CADE (Council for Economic Defense) cleared the transaction with certain conditions, thus providing the approvals necessary for completion. International automotive supplier, tire manufacturer and industrial partner Continental is boosting its worldwide industrial business with this acquisition, which is the most significant acquisition in recent corporate history. The transaction is valued at 1.4 billion euros ($1.59 billion U.S.)

Aggregates Production Rises in 2014

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Published: Monday, 02 February 2015 10:55

Written by Rock Products News

In 2014, total construction aggregates production rose to an estimated 2.171 billion metric tons, representing a total value of $19.8 billion, according to the U.S. Geological Survey’s Mineral Commodity Summaries 2015 report. The estimated production volume represents more than a 7 percent increase over 2013 total production, which was a reported 2.027 billion metric tons.

USGS Index Supports Industry Growth

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Published: Thursday, 29 January 2015 14:32

Written by Rock Products

The nonmetallic mineral products industry leading index increased 0.3 percent to 240 in December from 239.5 in November, according to the latest report from the U.S. Geological Survey (USGS). However, its 6-month smoothed growth rate remained at the 2.2 percent growth rate of November.